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2025 New Mexico Statutes
Chapter 46A - Uniform Trust Code
Article 7 - Office of Trustee
Section 46A-7-708 - Compensation of trustee.
Universal Citation:
NM Stat § 46A-7-708 (2025)
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A. If the terms of a trust do not specify the trustee's compensation, a trustee is entitled to compensation that is reasonable under the circumstances.
B. If the terms of a trust specify the trustee's compensation, the trustee is entitled to be compensated as specified, but the court may allow more or less compensation if:
(1) the duties of the trustee are substantially different from those contemplated when the trust was created; or
(2) the compensation specified by the terms of the trust would be unreasonably low or high.
History: Laws 2003, ch. 122, § 7-708.
ANNOTATIONSEffective dates. — Laws 2003, ch. 122, § 11-1106 made the act effective July 1, 2003.
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